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The Latest Breaking News from Grab

Thousands of GrabBike taxis to be ordered off the road

Hundreds of thousands of regular passengers of GrabBike will be looking for alternative transport after the unregistered motorcycle taxis are removed from service in mid-July by order of the Department of Land Transport (DLT).

Bangkok Post

Why Grab Holdings Shares Are Trading Higher

Grab Holdings Limited (NASDAQ: GRAB) shares are trading higher after the company announced the launch of GrabMaps.

Benzinga

Grab Loses Two Top Fintech Veterans Amid Its Business Restructuring: Reuters

Grab Holdings Limited (NASDAQ:GRAB) lost two top executives in its fintech business, adding to other senior departures as the Southeast Asian ride-hailing and delivery firm rejigs the critical unit at the loss-making group, Reuters reports. Chris Yeo, who headed Grab's payments and rewards business and has been with the company for nearly…

Benzinga

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Why Grab Shares Are Soaring Today

Grab Holdings Limited (NASDAQ:GRAB) reported first-quarter FY22 revenue growth of 6% year-on-year to $228 million. Mobility segment acceleration and strong core food and groceries growth drove the growth as it expanded its merchant selection and contributions from Jaya Grocer. Revenue for Deliveries rose 70% Y/Y to $91 million, driven by continued growth in…

Benzinga

Grab sets out growth plans

Food delivery and ride-hailing company Grab has vowed to focus more on working with small restaurants, expanding its adult user base, providing loans for drivers and eateries, and driving customer subscriptions as part of its strategy to pursue sustainable growth.

Bangkok Post

Do Not Buy the Dip: Grab Holdings and Wayfair

The stock market has suffered massive selloffs of late on growing worries about logistical disruptions, rising energy prices, galloping inflation, and forthcoming federal interest rate hikes. While stock price dips can offer attractive entry points to quality names, we think it could be wise to avoid fundamentally weak Grab Holdings…

StockNews.com

Don't leave small businesses behind

The time has finally come again for the tourism industry. As many countries start learning to live with Covid-19, travel restrictions are being eased and people are hitting the road after staying put for more than two years.

Bangkok Post

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Challenges for Asean

Over two years after the coronavirus emerged, countries across Asia are slowly beginning to recover. In Southeast Asia, economic growth is projected to pick up to 5.1% this year, from 3.2% in 2021. With 400 million people, or 59% of the population, fully vaccinated, many economies are well on the…

Bangkok Post

Should Lyft and DoorDash Merge To Better Compete With Uber? Analyst Pierre Ferragu Thinks So

New Street analyst Pierre Ferragu thinks a merger between Lyft Inc (NASDAQ:LYFT) and DoorDash Inc (NYSE:DASH) would drive a 30% upside to the combined company's long-term EBITDA. Ferragu says combining the businesses would keep drivers busier, allowing them to make more money while also reducing the cost of finding new customers. The combination of food…

Benzinga

April Fools' Day Jokes That Should Be Real

Although April Fools' Day isn't a Thai tradition, to begin with, every year businesses and brands have jumped on this good-natured humour bandwagon with their out-there ideas for products and services. And I must admit some of them are simply brilliant that I wish they were true. Here're a few…

Bangkok Post

Grab Loses Its Tech Lead To This Crypto Gaming Startup

Grab Holdings Inc's (NASDAQ:GRAB) technology head quit the ride-hailing and food-delivery company after seven years to lead a new cryptocurrency gaming venture, Bloomberg reports. Wui Ngiap Foo, in charge of Grab's mobility-services fleet, would depart on March 31. Foo looked to join crypto gaming startup, Ethlas, as CEO and co-founder in the…

Benzinga

Here's Why Grab Shares Are Plunging Post Q4 Results

Grab Holdings Inc (NASDAQ: GRAB) reported a fourth-quarter

Benzinga

3 Overvalued Financial Stocks to Avoid in February: Affirm, Grab, and Paysafe

The financial sector is expected to face a diminution of its loan asset quality this year. In addition, an anticipated interest rate increase is expected to exacerbate the global debt crisis, which might impact the global economic recovery. Given this scenario, we think the overvalued financial stocks Grab Holdings (GRAB),…

StockNews.com

Kerry and Grab team up for new express delivery

Leading delivery company Kerry Express has partnered with Grab Thailand to introduce two new pick-up services this Valentine's season.

Bangkok Post

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